Truist Financial Corp Has $9.47 Million Position in Xylem Inc. $XYL

Key Points

• Truist Financial Corp reduced its stake in Xylem Inc. by 8.3%, now owning 73,170 shares valued at approximately $9.47 million as of the latest SEC filing.
• Multiple large investors have increased their positions in Xylem, with Price T Rowe Associates raising its stake significantly by 689.5% in the first quarter.
• Xylem reported quarterly earnings of $1.26 per share, exceeding estimates, while also announcing a quarterly dividend of $0.40 per share, reflecting a 1.1% annualized yield.

Truist Financial Corp reduced its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 8.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 73,170 shares of the industrial products company's stock after selling 6,611 shares during the period. Truist Financial Corp's holdings in Xylem were worth $9,465,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Xylem by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 29,006,544 shares of the industrial products company's stock valued at $3,465,122,000 after buying an additional 362,127 shares during the period. Swedbank AB raised its position in shares of Xylem by 13.9% during the second quarter. Swedbank AB now owns 4,366,932 shares of the industrial products company's stock worth $564,906,000 after purchasing an additional 531,890 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Xylem by 7.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,024,500 shares of the industrial products company's stock worth $480,767,000 after purchasing an additional 274,123 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Xylem by 689.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,708,963 shares of the industrial products company's stock worth $443,074,000 after purchasing an additional 3,239,203 shares during the period. Finally, Northern Trust Corp raised its position in shares of Xylem by 2.9% during the first quarter. Northern Trust Corp now owns 3,362,993 shares of the industrial products company's stock worth $401,743,000 after purchasing an additional 94,560 shares during the period. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on XYL shares. Citigroup reaffirmed a "buy" rating and set a $152.00 target price (up from $137.00) on shares of Xylem in a research report on Monday, July 14th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Xylem in a research report on Saturday, September 27th. Wall Street Zen upgraded Xylem from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Mizuho lifted their price target on Xylem from $125.00 to $140.00 and gave the company a "neutral" rating in a research note on Friday, September 12th. Finally, Cowen reiterated a "hold" rating on shares of Xylem in a research note on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $152.33.

Insider Transactions at Xylem

In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of the business's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $139.96, for a total transaction of $139,960.00. Following the sale, the chief accounting officer owned 2,957 shares of the company's stock, valued at $413,861.72. The trade was a 25.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.27% of the stock is owned by insiders.

Xylem Price Performance

Xylem stock opened at $149.99 on Monday. Xylem Inc. has a 12 month low of $100.47 and a 12 month high of $150.98. The company has a current ratio of 1.90, a quick ratio of 1.43 and a debt-to-equity ratio of 0.17. The business's 50 day simple moving average is $141.96 and its 200 day simple moving average is $129.55. The company has a market cap of $36.51 billion, a price-to-earnings ratio of 38.96, a PEG ratio of 2.59 and a beta of 1.13.

Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.15 by $0.11. Xylem had a return on equity of 10.33% and a net margin of 10.74%.The business had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter in the prior year, the business earned $1.09 earnings per share. Xylem's revenue for the quarter was up 6.1% on a year-over-year basis. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. Sell-side analysts forecast that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, August 28th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. Xylem's payout ratio is presently 41.56%.

Xylem Company Profile

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions worldwide. It operates through four segments: Water Infrastructure, Applied Water, Measurement & Control Solutions, and Integrated Solutions and Services. The Water Infrastructure segment offers products, including water, storm water, and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment and rental services under the ADI, Flygt, Godwin, Sanitaire, Magneto, Neptune Benson, Ionpure, Leopold, Wedeco, and Xylem Vue brands.

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